Democratic Sentinel, Volume 8, Number 24, Rensselaer, Jasper County, 11 July 1884 — THE FISCAL TEAK. [ARTICLE]

THE FISCAL TEAK.

State of the National Finances at It* Close— Some Interesting Figures. Seduction in Revenue for the Put Tear u Compared with Preoeding Twelve Months. [Washington telegram.} The Government fiscal year closed on tbo 30th nit., and the pnblio debt statement; shows a reduction of $101,000,000, against, a reduction of $138,000,000 during the previous year ending June 30, 1883. An examination of the interest-bearing debt shows,, however, that the actual naiu( lon daring the year has been nearly which represents a permanent annual saving, in the interest account of over $3,250,000-! The one hundred and twenty-eighth calk for 3 per cent, bonds matured June 30, and. the $10,000,000 thus called were taken from, the column of bonded debt, which will explain the apparent discrepancy between theaggregate reduction given in the debt statement and the actual amount of reduction, in bonded debt for the year as given in thesedispatches. The gold coin and bullion fund is now nearly $205,000,000, an increase since June--1 of about $3,000,000; while, however, thisfund shows an increase of $3,000,000 for the month, there has been a decrease in the* amount of gold owned by the Treasury off $4,300,000, the outstanding gold certificates having increased since June 1 $12,000,000. The amount of these certificatesnow outstanding is over $71,000,000, and. the amount of gold in the Treasury not covered by certificates, $133,729,914. The number of silver dollars now on. hand is $135,560,916, an increase of nearly* $3,000,000 for the month, and since July 1„ 1883, of $23,646,897. The amount of silver certificates outstanding is $96,420,000, thus leaving the* number of silver dollar's not covered by certificates over $39,000,000, an increase6inco June 1 of nearly $4,000,000. The available cash in the Treasury i 55139,887,439, $139,887,439, a falling off of $8,000,000* since June 1, 1883. During the month the national bankawithdrew $6,000,000 in 3 per cent, bondsfor redemption under the call, and deposited in their place $4,000,000 of higher ratebonds. The amount of bonds now held tosecure national bank circulation is $334,000,000, against $357,000,000 one year ago,, thus showing a withdrawal of bank circulation for the year of about $20,000,000. The* contraction, however, in this portion of the circulating medium is more than compensated for in the increase of outstanding gold and silver certificates, during the past twelve months the increase in silver certificateshaving been nearly $24,000,000 and gold. certificates over $11,000,000. The total receipts for the year were $348,000,000 against $398,000,000 for the preceding year, a difference of $50,000,000“ in round numbers. During the discussion of the tariff bill in. Congress it was estimated that the passage of the revenue bill then pending would. work a reduction of about $70,000,000 per* annum. The actual reduction in these twosources, as shown by figures reported to the Treasury Department, is a few thousand! short of $42,000,000, the reduction in customs having been $19,000,000 and internalrevenuo $23,000,000. The following table shows receipts from, all sources for the fiscal year compared witb. those for preceding fiscal year: 1884. 1883. Customs ..6195,627,291 $214,706,496Internal revenue 122,004,499 144,720,369 Miscellaneous 30,086,944 38,860,716IT Total .....$348,166,734 $398,287,689: Expenditures as follows: 1884. 1883. Ordinary $134,915,689 $140,236,43* Pensions 66,003,995 66,012,573Interest 64,578,894 69,160,131Total $246,498,578 $265,408,18F ,